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Dec 24, 2012
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you know, obviously core europe like germany will grow with the global economy here. but at the moment, because of the issues in japan and all the issues in the u.s., europe and particularly euro is the one to send out is the strong demand. this is something that european policies and that european companies will need to work with. >> next year, although the eurozone economy is stag nating, we do expect a recovery in the global economy to which europe corporate sector is very well levered. it's that recover in the global back drop which allows margins to rise a little bit in eurozone, gives some type line growth and overall profit growth we think of around 9%. >> standing out in 2013, the biggest uncertainty right now has to do with around the housing market in the united states. some people are increasing their belief that you're going to see growth in the housing market from, you know, previous estimates are like 1.5% to % or even 4%. that is the unknown. because as everybody knows, housing has so many secondary and tertiary effects, domino effects, positive effects
you know, obviously core europe like germany will grow with the global economy here. but at the moment, because of the issues in japan and all the issues in the u.s., europe and particularly euro is the one to send out is the strong demand. this is something that european policies and that european companies will need to work with. >> next year, although the eurozone economy is stag nating, we do expect a recovery in the global economy to which europe corporate sector is very well...
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Dec 24, 2012
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be paid back germany? he said we could not recycle our own surpluses. we must recycle other people's surpluses. and this is what happened and 1978.e mid-1970's the u.s. utilizing its trade deficit with the rest of the world has been operating like a huge vacuum cleaner. thus providing exporters -- germany, japan, or china -- with the requisite demand necessary. so, the ever expanding trade deficit was not an accident. it was a very clever way of replacing one that surplus recycling system with another. it was one where america had a surplus and america decided instead of doing what germany is doing at the moment -- which is cutting its nose to spite its face, and thereby ending the recession by cutting, cutting, cutting -- volcker as the head of the fed at a different idea. we are going to expand our dominance and are well by expanding our deficit and using our deficits to provide the rest of the world with the demand which is necessary to grow their economies, even at the expense of hours. and who is goin
be paid back germany? he said we could not recycle our own surpluses. we must recycle other people's surpluses. and this is what happened and 1978.e mid-1970's the u.s. utilizing its trade deficit with the rest of the world has been operating like a huge vacuum cleaner. thus providing exporters -- germany, japan, or china -- with the requisite demand necessary. so, the ever expanding trade deficit was not an accident. it was a very clever way of replacing one that surplus recycling system with...
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Dec 24, 2012
12/12
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a slowing germany will become a wild card. that's my call for the biggest wild card in 2013. >> i tell you what. you have to go nose to nose with a country on the foreign exchange front, i think the japanese are going to be well matched with the mentality of what is going on in germany. listen, merry christmas. i know hannukah is over and you had a great hannukah. >> thank you. >> best holiday wishes to all the viewership from two old time traders. back to you. >> two of the best that is. rick and ira, thanks so much. happy holidays to you. facebook in the headlines again this time for tax trouble. we'll have more on that story when we come right back. >>> the christmas holidays starting not long from now, markets an hour and a half away from closing on this holiday shortened trading session. for the time being the dow is down about 49 points, s&p off almost five and the nasdaq off almost 11. many global markets experiencing shortened sessions today around the world as well. london closed at 12:30 p.m. local time. france at 1:
a slowing germany will become a wild card. that's my call for the biggest wild card in 2013. >> i tell you what. you have to go nose to nose with a country on the foreign exchange front, i think the japanese are going to be well matched with the mentality of what is going on in germany. listen, merry christmas. i know hannukah is over and you had a great hannukah. >> thank you. >> best holiday wishes to all the viewership from two old time traders. back to you. >> two of...
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Dec 24, 2012
12/12
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the policy of germany first then japan had to be worked out. which is why churchill was in washington that month. i think americans always liked churchill. he had been speaking in america for 20 years. was american. guest: his mother was american. he was well known on the lecture circuit and now here he is as prime minister. they were familiar with him. i think he came out of that speech that day knowing he had an ally and americans took a liking to him because they were very wary of churchill that all he wanted were his colonies become. b not liberty or not roosevelt's four freedoms but to recapture everything the japanese had taken from him by using american boys and that americans resented and they were wary of that host: we are about out of time. when did you finish this? guest: early this year? host: early 2012? guest: yes. and about six months of copy editing and final editing with bill phillips. host: out of all the characters in it besides winston chump if you were -- churchill if you were going it write another book who would it be? gu
the policy of germany first then japan had to be worked out. which is why churchill was in washington that month. i think americans always liked churchill. he had been speaking in america for 20 years. was american. guest: his mother was american. he was well known on the lecture circuit and now here he is as prime minister. they were familiar with him. i think he came out of that speech that day knowing he had an ally and americans took a liking to him because they were very wary of churchill...
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Dec 24, 2012
12/12
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protesting nuclear power and angela merkel malae actually respect immensely as the new chancellor of germany, she decided because of the protest to shut down nuclear power she is a nuclear physicist, so she should know better. orie tidal wave and a long time but she gave in to the unfair mental pressure and decided to shut down the nuclear power plants and in that corner you have it causes cancer and the weasel advancing in the lower left corner before they don't want hydroelectric power in the region patagonia in the argentinian chilean border. so they are opposed to hydroelectric power and in the bottom right to have a guide is supposed to wind power and you may not be able to read this but it's classic and capitalism still blows to i'm not sure what that has to of capitalism that he made short. >> that might actually turn off. >> let's review just for a second of the progress of protesters don't want vaccines, chemicals, genetically modified crops, research and genetically modified crops, animal research, biology research and nuclear power, natural gas, wind power hydroelectric power, can
protesting nuclear power and angela merkel malae actually respect immensely as the new chancellor of germany, she decided because of the protest to shut down nuclear power she is a nuclear physicist, so she should know better. orie tidal wave and a long time but she gave in to the unfair mental pressure and decided to shut down the nuclear power plants and in that corner you have it causes cancer and the weasel advancing in the lower left corner before they don't want hydroelectric power in the...
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Dec 24, 2012
12/12
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even the large country, the economic powerhouse germany found its slelf slowing down. the root cause of it all was the inability of the european governments to come to policies to get growth started again. towards the middle and end of the year they did, but the tale was style there. very much austerity again and again. perhaps if there was only one change that took place as we moved into the fall and into the winter. it was the realization that most of these countries could take no more austerity. social welfare having been cut, health care cut, unemployment, growth virtually nonexistent. now the talk is not of more austerity, but how to get growth started again across the contine continent. suzanne. >> thank you, richard. >>> christmas, of course, is a time of giving, but there are many struggling families in boston that couldn't aafford to get their children he anything. this year for almost six decades help kamt not in santa's sleigh but in a big, brown box. santa. i'm writing for your help. >> as with other americans, the economy is tough and times are very diffic
even the large country, the economic powerhouse germany found its slelf slowing down. the root cause of it all was the inability of the european governments to come to policies to get growth started again. towards the middle and end of the year they did, but the tale was style there. very much austerity again and again. perhaps if there was only one change that took place as we moved into the fall and into the winter. it was the realization that most of these countries could take no more...
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Dec 24, 2012
12/12
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madrid was able to detain and search the other planes, and so only pan am 103 that was flying out of germany into heathrow and then from heathrow back to new york got away with it, and that's what had taken place. as far as abdel basaet al-megrahi being released, that -- let me just put it this way. it was money and oil that brought all of this about. british petroleum gave money to the brits, the brits blamed the scotts. the scottish government released abdel basaet al-megrahi, and that is true, and it was the scottish people that were up in arms, they were opposed to this. and we areee certainl we are externally grateful to the scottish people and the information po about the degre of his cancer that he had was not true. jaime: at least you give them thanks and let them know, the scottish people made a difference for you. you're spending the holiday season without your daughter diane. we want to wish you and your family a good, healthy holiday season. thanks for joining us, stan. take care. >> thank you and a merry christmas, thank you. jaime: take care. kelly. kelly: the head of the nra p
madrid was able to detain and search the other planes, and so only pan am 103 that was flying out of germany into heathrow and then from heathrow back to new york got away with it, and that's what had taken place. as far as abdel basaet al-megrahi being released, that -- let me just put it this way. it was money and oil that brought all of this about. british petroleum gave money to the brits, the brits blamed the scotts. the scottish government released abdel basaet al-megrahi, and that is...